20-The profitability index will be:

Select one:

a. Greater than 1.0 when the IRR is greater than the discount rate.

b. Greater than 1.0 whenever the net present value is negative.

c. Equal to 1 any time the IRR is less than the discount rate.

d. Negative any time the net present value is negative.

e. Less than 1.0 any time the discount rate is less than the IRR.

22-How much will Alex pay on a 25 year, $400,000 mortgage if you make monthly payment at the beginning of month? Interest is 3.5% compounded annually.

Select one:

a. $1,991

b. $1,979

c. $1,968

d. $1,985

e. $1,973

23-The Ordo Inc. is preparing to pay its first dividends. It is going to pay $.60, $1.10, and $1.50 a share over the next 3 years, respectively. After that, the company has stated that the annual dividend will be $1.98 per share indefinitely. What is this stock worth to you per share if you demand a 9% rate of return?

Select one:

a. $19.08

b. $18.65

c. $18.22

d. $20.11

e. $19.62

-Just the correct Letter for each question, without any any any explanation at all, please! And I'll put a Like. But don't explain the answers -Just answer the questions if you're 100% sure about the correct answers, please!